Bursting point

There’s a conversation building about whether we’re wise to look at higher education through the lens of the economy, given that nothing much looks good through the bottom of that dirty glass. Markets achieve extraordinary results using the levers and pulleys of scarcity, rivalry and desire, but this volatility doesn’t always help the big public institutions that deliver other kinds of social and cultural benefits, like education. So we half-protect these familiar institutions of public life from the market in…

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